Topline Capital Management LLC Purchases New Holdings in American Vanguard Co. (NYSE:AVD)

Topline Capital Management LLC acquired a new position in shares of American Vanguard Co. (NYSE:AVD - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 811,755 shares of the basic materials company's stock, valued at approximately $3,758,000. American Vanguard makes up 0.7% of Topline Capital Management LLC's holdings, making the stock its 24th biggest holding. Topline Capital Management LLC owned about 2.82% of American Vanguard at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AVD. Price T Rowe Associates Inc. MD increased its position in shares of American Vanguard by 3.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 69,909 shares of the basic materials company's stock valued at $324,000 after acquiring an additional 2,221 shares during the last quarter. Hsbc Holdings PLC lifted its stake in American Vanguard by 71.2% during the 4th quarter. Hsbc Holdings PLC now owns 53,908 shares of the basic materials company's stock worth $245,000 after acquiring an additional 22,418 shares in the last quarter. Gamco Investors INC. ET AL acquired a new position in American Vanguard in the 4th quarter valued at about $278,000. Gabelli Funds LLC increased its stake in American Vanguard by 15.8% during the fourth quarter. Gabelli Funds LLC now owns 22,000 shares of the basic materials company's stock worth $102,000 after purchasing an additional 3,000 shares during the period. Finally, XTX Topco Ltd lifted its position in shares of American Vanguard by 67.9% during the fourth quarter. XTX Topco Ltd now owns 32,873 shares of the basic materials company's stock worth $152,000 after purchasing an additional 13,292 shares in the last quarter. Institutional investors and hedge funds own 79.04% of the company's stock.

American Vanguard Stock Performance

Shares of AVD stock traded down $0.12 during trading hours on Wednesday, hitting $4.19. The stock had a trading volume of 20,804 shares, compared to its average volume of 279,148. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.89 and a quick ratio of 0.79. The firm has a market capitalization of $120.48 million, a PE ratio of -4.06 and a beta of 1.03. The stock's 50 day moving average is $4.37 and its 200 day moving average is $5.05. American Vanguard Co. has a twelve month low of $3.28 and a twelve month high of $12.67.

Analyst Ratings Changes

Separately, Lake Street Capital set a $14.00 price target on shares of American Vanguard in a research note on Tuesday, January 21st.

American Vanguard Profile

American Vanguard Corporation, through its subsidiaries, develops, manufactures, and markets specialty chemicals for agricultural, commercial, and consumer uses in the United States and internationally. It manufactures and formulates chemicals, including insecticides, fungicides, herbicides, soil health, plant nutrition, molluscicides, growth regulators, soil fumigants, and biorationals in liquid, powder, and granular forms for crops, turf and ornamental plants, and human and animal health protection.